Now, we just trimmed some Costco (COST) - Get Report and I think it's important to talk about why. First, it's a huge win and we're [never averse] to taking huge wins. We added Walmart, though, if only because I think that the next wave of illness that we're experiencing right now is going to wipe out more of Walmart’s competitors than the ones of Costco's.
The latter is still going to put up great numbers. But would I buy it here versus Walmart, which has such a strong e-commerce offering? No. When we get a consistent 100,000 cases a day, that drives sales to Walmart's physical store presence, and it has a lot more physical stores than Costco.
What can I say about CVS (CVS) - Get Report? We battled and battled and battled. Remember, I didn't want a Viacom battle, and when we got to where we thought it … should have been all along, well, it's still only 9 times earnings.
I think the market likes this new CEO, Karen Lynch, because she's from the managed-care side. And Aetna, which CVS bought a few years ago, has protected them from the destruction by the Death Star that is Amazon, certainly better than what's happened with Walgreen’s, its competitor.
I think Lynch will be good. I think that the previous CEO of Aetna really hurt the case of the two companies by just saying, “see you later,” even though he owns a lot of stock. Or he did own – who knows?
Now, I think that CVS can go to 72-73 without even having a double-digit price-earnings multiple. Well, that's crazy. It's one of the cheapest stocks in the entire universe. It's fixing its balance sheet buying back debt. I mean, enough already, buy it.